Groves of Palatine 470 W Mahogany Ct Unit 408 Floor 4 Palatine, IL 60067
Downtown Palatine NeighborhoodEstimated payment $2,142/month
Highlights
- Lock-and-Leave Community
- Whirlpool Bathtub
- Den
- Plum Grove Jr High School Rated A-
- Party Room
- Elevator
About This Home
Welcome to The Groves of Palatine! This spacious 1 bed + den, 1.5 bath condo has just been freshly painted and has brand new carpet! Situated on the fourth floor with beautiful west-facing views perched just above the treetops allowing for added sunlight to pour in. The open-concept kitchen features stainless steel appliances, Corian countertops, and abundant cabinet space, flowing into a bright living and dining area with a cozy fireplace. The generous bedroom offers two closets and a spa-like en-suite bath with a jacuzzi tub. A versatile den includes in-unit laundry and is perfect for a home office or guest space. Enjoy beautiful sunsets from your private balcony. Additional highlights include a heated garage space, extra storage locker, and tons of exterior visitor parking. Located in a well-maintained, secure elevator building just blocks from the Metra, Jewel, and all of downtown Palatine's restaurants, bars, and shopping. Enjoy easy access to Deer Grove Forest Preserve and Riemer Reservoir Park for recreation and nature.
Listing Agent
Nevin Nelson
Redfin Corporation Brokerage Phone: (224) 699-5002 Listed on: 09/25/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,459
Year Built
- Built in 2002
HOA Fees
Parking
- 1 Car Garage
- Parking Included in Price
Home Design
- Entry on the 4th floor
- Brick Exterior Construction
Interior Spaces
- 1,100 Sq Ft Home
- Ceiling Fan
- Gas Log Fireplace
- Family Room
- Living Room with Fireplace
- Combination Dining and Living Room
- Den
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- Whirlpool Bathtub
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
Outdoor Features
Schools
- Stuart R Paddock Elementary Scho
- Plum Grove Middle School
- Wm Fremd High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- Homeowner Tax Exemptions
- Other Tax Exemptions
Community Details
Overview
- Association fees include water, parking, insurance, tv/cable, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal, internet
- 60 Units
- Preston Payne Association, Phone Number (847) 490-3833
- The Groves Of Palatine Subdivision
- Property managed by Associa Chicagoland
- Lock-and-Leave Community
- 7-Story Property
Amenities
- Party Room
- Elevator
Pet Policy
- Pets up to 40 lbs
- Pet Size Limit
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
- Carbon Monoxide Detectors
Map
About Groves of Palatine
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,459 | $15,663 | $120 | $15,543 |
| 2023 | $3,310 | $15,663 | $120 | $15,543 |
| 2022 | $3,310 | $15,663 | $120 | $15,543 |
| 2021 | $3,024 | $13,308 | $70 | $13,238 |
| 2020 | $3,067 | $13,308 | $70 | $13,238 |
| 2019 | $3,068 | $14,812 | $70 | $14,742 |
| 2018 | $2,535 | $12,279 | $65 | $12,214 |
| 2017 | $3,744 | $12,279 | $65 | $12,214 |
| 2016 | $3,482 | $12,279 | $65 | $12,214 |
| 2015 | $3,689 | $12,005 | $60 | $11,945 |
| 2014 | $3,835 | $12,635 | $60 | $12,575 |
| 2013 | $3,737 | $12,635 | $60 | $12,575 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/25/2025 09/25/25 | For Sale | $249,900 | +72.3% | $227 / Sq Ft | |
| 11/21/2016 11/21/16 | Sold | $145,000 | -3.3% | -- | View Prior Sale |
| 10/28/2016 10/28/16 | Pending | -- | -- | -- | |
| 10/10/2016 10/10/16 | For Sale | $150,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $145,000 | Premier Title | |
| Warranty Deed | $224,000 | Stewart Title Of Illinois | |
| Special Warranty Deed | $196,000 | Cti |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $179,200 | Unknown | |
| Previous Owner | $156,532 | No Value Available | |
| Closed | $29,300 | No Value Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12481287
APN: 02-15-301-058-1025
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